Contracts Coordinator Jobs
A Contracts Coordinator plays a vital role in managing the administrative and contractual functions within an organization. This position involves overseeing the development, monitoring, and management of contracts with suppliers, vendors, and other external parties. The Contracts Coordinator ensures that all agreements are accurately documented, compliant with regulations, and aligned with the company's objectives.
Collaboration with various departments, such as purchasing, legal, and finance, is essential for negotiating, reviewing, and administering contracts. Strong organizational, analytical, and communication skills are necessary to navigate the complexities of contract management. Additionally, the Contracts Coordinator must interpret contract rules and regulations, foster effective relationships with stakeholders, and ensure that all contractual obligations are fulfilled.
In summary, Contracts Coordinator Jobs are integral to maintaining the integrity and efficiency of an organization's contractual agreements.
National Yearly Income Range:
$40,000 - $90,000
Why Being a Contracts Coordinator is Great.
A Contracts Coordinator plays a vital role in ensuring that all contractual agreements are managed efficiently and effectively, making it a great job for those who thrive in detail-oriented environments. This position involves collaborating with various departments, negotiating terms, and ensuring compliance with legal standards, which can be both challenging and rewarding. The opportunity to work closely with stakeholders and contribute to the success of projects adds a dynamic aspect to the role. Additionally, the demand for skilled professionals in this area continues to grow, providing job security and potential for career advancement. For anyone interested in a fulfilling career, Contracts Coordinator Jobs offer a unique blend of responsibility and opportunity.
The skills developed in this role, such as negotiation, communication, and analytical thinking, are highly transferable, making it an excellent foundation for future career paths.
Contracts Coordinator Job Duties And Responsibilities
The Contracts Coordinator plays a crucial role in managing and overseeing the contract processing procedures within the organization. Responsibilities include reviewing contract requests and proposals to ensure compliance with company standards, negotiating favorable terms with vendors, and drafting initial contracts while ensuring accuracy and obtaining necessary signatures. Additionally, the coordinator maintains organized client files, evaluates the cost and benefits of services, and collaborates with various departments to facilitate corporate accounts. They also monitor existing contracts for renewals or terminations, prepare grant applications, and conduct training sessions to enhance staff understanding of the contract process.
Why be a Contracts Coordinator with IES Residential?
Becoming a Contracts Coordinator with IES Residential offers an exceptional opportunity to join a company with over 50 years of experience and a strong commitment to quality, safety, and community engagement. In this role, you will be part of a dynamic team that values collaboration and fosters a family-oriented culture, while also benefiting from comprehensive training programs designed to enhance your skills and career growth. IESR’s dedication to diversity and inclusion ensures a welcoming environment where your contributions are valued, and you can make a meaningful impact on both the company and the communities it serves.
Join us and help shape the future of IES Residential!
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
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FAQs
What's a Contracts Coordinator's job description?
A Contracts Coordinator is responsible for managing and overseeing contracts between an organization and its suppliers or vendors. This role involves developing, monitoring, and ensuring compliance with contracts, while aligning them with company policies. Key responsibilities include negotiating terms, documenting agreements, and collaborating with departments like legal, finance, and purchasing. Strong organizational, analytical, and communication skills are essential for interpreting contract regulations and maintaining effective relationships with stakeholders.
What is the average salary of a Contracts Coordinator?
The average salary of a Contracts Coordinator typically ranges from $55,000 to $65,000 per year, with entry-level positions earning around $40,000 to $50,000 and experienced professionals making up to $80,000 to $90,000. Hourly wages range from approximately $19 to $31, depending on experience and location.
How do I get a Contracts Coordinator job?
To get a Contracts Coordinator job, start by obtaining a bachelor's degree in business administration, accounting, finance, or a related field. Gain relevant experience in contract management or purchasing agreements. Develop strong analytical, decision-making, and negotiation skills. Proficiency in Microsoft Office, especially Word and Excel, is essential. Enhance your organizational and communication skills, and familiarize yourself with contract management software. Attention to detail and the ability to work under tight deadlines are crucial. Good recordkeeping and bookkeeping skills will also be beneficial.
What are the job duties of a Contracts Coordinator?
A Contracts Coordinator is responsible for developing and monitoring contract processing procedures, reviewing contract requests for compliance with company standards, and negotiating with vendors to secure favorable terms. Key duties include drafting and reviewing contracts, maintaining organized client files, evaluating costs and benefits, and ensuring compliance with regulations. They collaborate with various departments, prepare sub-contractor agreements, and monitor existing contracts for renewals or terminations. Additionally, they analyze financial reports, generate reports from the contracts database, and act as a liaison to resolve contract issues. Training staff on contract processes is also part of their role.
How much does a Contracts Coordinator make per hour?
A Contracts Coordinator typically earns between $19 and $31 per hour, depending on experience and location.
Is a Contracts Coordinator job fullfilling?
A Contracts Coordinator job can be fulfilling for those who enjoy organization, negotiation, and collaboration. It offers opportunities to work on diverse projects, develop strong communication skills, and contribute to a company's success. However, job satisfaction may vary based on individual preferences and workplace environment.
How long does it take to become a Contracts Coordinator?
Becoming a Contracts Coordinator typically takes around 4 years, which includes obtaining a bachelor's degree in business administration, accounting, finance, or a related field. Gaining relevant work experience in contract management or purchasing agreements can also enhance your qualifications. Additional skills in negotiation, organization, and proficiency with software tools are essential for success in this role.
Is there a demand for Contracts Coordinators?
Yes, there is a growing demand for Contracts Coordinators as organizations increasingly focus on compliance, risk management, and efficient contract management processes. This role is essential in various industries, including construction, healthcare, and technology, to ensure smooth operations and legal adherence.
What are Contracts Coordinator career paths?
Contracts Coordinators can advance their careers in several ways. They may move into roles such as Contracts Manager, where they oversee contract negotiations and compliance. Some may transition to Project Manager positions, managing broader project scopes that include contract oversight. Others might specialize further as Contract Analysts or Compliance Officers, focusing on legal and regulatory aspects. Additionally, pursuing certifications in contract management or project management can enhance career prospects and lead to senior leadership roles in procurement or supply chain management.
What are the job responsibilities of a Contracts Coordinator?
A Contracts Coordinator is responsible for developing and monitoring contract processing procedures, reviewing contract requests for compliance with company standards, and negotiating with vendors to secure favorable terms. They draft and review contracts, ensure accurate filing and organization of client documents, and evaluate the cost and benefits of services. The role involves collaboration with various departments, preparing sub-contractor agreements, maintaining corporate account records, and analyzing financial reports. Additionally, they ensure compliance with regulations, monitor existing contracts for renewals or terminations, generate reports, act as a liaison to resolve contract issues, assist with grant applications, and conduct training on contract processes.
What are the requirements to get a Contracts Coordinator job?
To qualify for a Contracts Coordinator job, candidates typically need a bachelor's degree in business administration, accounting, finance, or a related field, although an associate degree or relevant work experience may also be considered. Key skills include strong analytical, decision-making, and negotiation abilities, along with proficiency in Microsoft Office, especially Word and Excel. Excellent organizational and communication skills are essential, as is the ability to work under tight deadlines with attention to detail. Knowledge of contract development and management, familiarity with contract management software, and good recordkeeping skills are also important.
Are there entry level Contracts Coordinator jobs?
Yes, entry-level Contracts Coordinator jobs exist. Common requirements include a bachelor's degree in business, finance, or a related field, strong organizational and communication skills, attention to detail, and proficiency in Microsoft Office. Familiarity with contract management software and basic legal knowledge can also be beneficial.
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